Europe News
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In charts: How one of the world’s biggest economies got trapped by debt
France opens debate on its 2027 budget as high deficits, rising debt and student protests intensify pressure on lawmakers.
French supermarket fridges get hacked, heating to 122°F and sparking fires
Hackers targeted hundreds of French supermarkets in a large-scale cyberattack, causing refrigerators to overheat, spoiling food, and sparking fires.
Global economy to slow less than expected in 2026 as AI boom offsets war hit: IMF
The IMF raised its 2026 global growth forecast to 3.1%, warning that resilience is tested by energy constraints and looming fiscal risks.
FAA warns U.S. airlines of safety risks over Saudi Arabia after attacks
The FAA warned U.S. airlines about flight risks over Saudi Arabia as Riyadh airport attacks disrupt travel and Delta weighs an Oct. 23 launch.
Nobel prize in economics awarded to Robert E. Hall and Michael Woodford
The U.S. economists were awarded for work that underpins the models used by central banks and governments to stabilize the economy.
Global travel warnings after Iran-backed Houthi militants strike Riyadh airport
The Saudi-led coalition responding to the attacks said Monday it was dealing with more drones and missiles heading toward the Kingdom.
Zelenskyy accuses Russia of violating Trump’s energy ceasefire as drone attacks continue
If Russia doesn't agree to Trump's energy ceasefire, Ukraine will respond, Zelenskyy said in a live-streamed address Monday morning.
Trump turns to Russian diesel ahead of midterms, but analysts see little price relief
President Donald Trump's latest effort to ease a diesel supply crunch ahead of November's midterm elections is unlikely to make a dent on prices.
Stellantis CEO urges incentives for carmakers who build in Europe as Chinese rivals gain ground
Stellantis' CEO urged European regulators to create incentives for carmakers to manufacture vehicles in the region amid competition from Chinese rivals.
Trump declares ‘energy ceasefire’ between Russia and Ukraine; Zelenskyy is waiting for details
Ukrainian President Volodymyr Zelenskyy said he is waiting on details from Washington.
After France, is Italy next? Goldman Sachs flags bond risks as Rome’s deficit widens
Goldman Sachs says Italy’s higher 2027-28 deficit targets, rising yields and election uncertainty could weaken its debt outlook.
AI is changing how lawyers work — and putting the billable hour under pressure
AI adoption is forcing the legal profession to rethink the billable hour and how lawyers build expertise.
Ferrari’s chairman is bullish on AI. He’s less certain how businesses will cash in
Ferrari chair John Elkann played down AI bubble fears, but acknowledged investment in the technology could outpace revenue generation.
Nobel winner Krugman says France may have become ‘too big to save’
Economist Paul Krugman sounded the alarm on a looming "ugly crisis," while former ECB head Jean-Claude Trichet said French politicians must compromise.
America shut out Chinese EVs. Britain welcomed them — and now faces a difficult choice
Britain faces a finely balanced choice over whether to follow the EU in imposing tariffs on Chinese EVs.
Google ordered to halt work on two data centers in ‘Texas of Europe’
Finland has emerged as a key location for data centers amid the AI boom.
Jaguar unveils $130,000 electric vehicle two years after controversial rebrand
The launch comes as luxury rivals Ferrari and Bentley also push into EVs, seeking to test wealthy buyer's appetite for going electric.
UBS CEO warns ‘hard measures’ are needed to tackle French debt crisis, as turmoil worsens
UBS CEO Sergio Ermotti warned that "hard measures" are needed to tackle France's spiraling debt crisis.
Russia’s neighbor backs push to lift ban on nuclear weapons, prompting outcry from Moscow
Lithuania is seeking to bolster its security amid growing concerns over Russia.
Mistral unveils new AI model it says rivals best open systems from China
Western developers are racing to compete with Chinese companies in open weight and open source AI.
Yemen forces reclaim key Red Sea port city from Iran-backed Houthis in major counteroffensive
Oil markets remain on edge over potential Middle East supply disruptions, with Brent trading around $100 a barrel as the risk of further escalation persists.
Nokia CEO says data centers would be built ‘2x faster’ without supply constraints
The Nokia CEO's comments underscores continued demand for AI even as top executives debate slowing down the pace of development.
Saudi Aramco chief says replenishing global oil stockpiles could take two years
Saudi Aramco's CEO warned it could take up to two years to rebuild global oil inventories, saying the squeeze could worsen as the U.S.-Iran war continues.
Cut spending to curb runaway borrowing costs, Goldman’s Gutman tells governments
Goldman Sachs' Anthony Gutman said lower fiscal deficits are needed tackle surging bond yields.
Russia ramps up attacks on Kyiv infrastructure as U.S. makes fresh push for peace talks
Russia has pledged to intensify strikes on Kyiv and other Ukrainian cities after a drone attack damaged the capital’s key Northern Bridge over the weekend.
The 2029 tipping point: Western populations are about to start shrinking, piling pressure on public finances
Moody's predicts that the world's aging populations will have fundamental impacts on the global economy and lead to difficult policy decisions.
Ukraine’s surprise robot offensive exposes a vulnerability in Putin’s war machine
Experts say the offensive is not a decisive breakthrough, but demonstrates how Ukraine’s expanding use of robotic systems is reshaping frontline warfare.
America’s data center fight is a preview of what’s to come for the rest of the world
America’s fight over data centers is going global. Communities across Europe and Asia are pushing back over the rising costs of the AI infrastructure boom.
A violent classroom revolt is becoming France’s next big crisis
Hundreds of French high schools closed Friday after nationwide student protests over school conditions escalated into violence.
Eurozone inflation hits its highest level in three years at 3.8% as energy costs soar
Annual euro zone inflation hit 3.8% last month, its highest level since September 2023.
South Korean President Lee warns of 'measures' against Ukraine over prisoner row, demands apology
"As this is a matter concerning the honor of the Republic of Korea's people and nation, we cannot overlook it," he said.
A Brexit reversal is on the table 10 years on from the vote that changed Britain. Here’s what’s at stake
Britain voted to leave the European Union in 2016.
Russia launches massive strikes on Ukraine’s energy grid, forcing power cuts ahead of winter
Seven people were killed in the attack and emergency power cuts were imposed in Kyiv and three other regions.
Russia targets data centers in Kyiv as NATO condemns Moscow’s ‘irresponsible nuclear rhetoric’
Russia intensifies attacks on Ukraine’s data centers and communications infrastructure, targeting facilities in Kyiv.
Trump denies offering Iran sanctions relief; Qatar pushes for peace talks
U.S. President Donald Trump has denied reports that he had offered sanctions relief to Iran in exchange for concessions from Tehran on its nuclear program.
AI broke the job application. What replaces it?
Candidates can use AI to create endless resumes and cover letters. It's forcing businesses to rethink how they hire.
Shell backs $23 billion LNG Canada expansion in boost to Carney’s ‘energy superpower’ push
The investment puts Canada on course to become a leading LNG exporter as global supply disruptions sharpen focus on energy security.
Mistral CEO says U.S. AI safety debate masks competitors’ ‘negligence’
Mistral CEO Arthur Mensch criticized rivals’ AI safety arguments as the industry faces scrutiny after several AI agents took unauthorized actions.
Trump ‘very seriously’ considering diesel export ban as global supply crunch worsens
Analysts warn an export ban could backfire, pushing up global diesel prices and potentially triggering higher U.S. gasoline prices as refiners adjust.
Police ‘investigate Iran link’ to suspected bomb plot at UK air base used by U.S
U.K. counter-terrorism police are understood to be investigating a potential link with Iran after an alleged bomb threat against an air base hosting U.S. forces
Russia could attack a NATO country within months, Danish intelligence warns
The new threat assessment joins a growing chorus of Russia warnings from top European security officials and lawmakers in recent days.
Russia ‘truly’ appreciates U.S. invite to G20 summit — but hasn’t decided if Putin will go
European leaders have sharply criticized the move.
Switzerland is keeping rates at 0% — for now
The Swiss National Bank held rates at 0% as low inflation and a strong franc enable it to diverge from other central banks, though markets expect hikes ahead.
This under-the-radar region is having a ‘quiet wine’ boom. Here’s why
Hungary's Tokaj was designated a wine region nearly 300 years ago, with winemaking dating back nearly 1,000 years.
Novo’s new strategy hinges on something it can’t manufacture: investor trust
Novo has now reached the point where it can broaden its ambitions again, CEO Mike Doustdar told CNBC, but investors remain unconvinced.
World heads into food crises ‘blind’ as U.S. aid cuts squeeze UN food agency, experts warn
Climate shocks, conflict and a global fuel crisis, on top of surging interest rates and donor cuts, leave agencies less able to help those facing higher food prices.
AI drone maker hits $6.4 billion valuation as Ukraine war spurs defense tech
Tekever is one of a number of European defense tech startups raising sizable rounds amid a rearmament campaign from countries in the region.
AI is killing the grunt work, forcing companies to rethink entry-level hiring
AI is becoming increasingly adept at tasks usually given to junior employees. Some fear the impact it might have on entry-level hiring.
In photos: Key takeaways from day one of the UN General Assembly
World leaders descended on New York for the annual United Nations General Assembly, where the agenda covers topics from wars to the risks posed by AI.
Novo CEO signals M&A opportunities to strengthen drug pipeline
Novo CEO Mike Doustdar told CNBC that it is considering M&A opportunities as it faces growing competition in the weight-loss market.
Trump to press Zelenskyy for energy truce, says Russia has ‘lost control’ of oil due to Ukraine war
U.S. President Donald Trump said Russia has “lost control” of its diesel oil industry due to the Ukraine war, as he presses Kyiv to agree to an energy truce.
Soccer superstar Kylian Mbappé on ending 20-year journey with Nike: ‘It was time to change’
Soccer Champion Kylian Mbappé said he was ready for "change" after ending his association with Nike and entering a deal with Swiss sportswear brand On.
Volkswagen woes deepen as blue-chip index exit follows latest profit warning
Deutsche Bank analysts said the cut to VW's operating profit forecast initially looks severe but keeps cash generation intact.
Russia’s pro-Putin party set to win election as Ukraine exposes war’s growing reach into Moscow
Ukraine launched more than 1,000 drones at Russia on the State Duma election’s final day, including hundreds targeting Moscow.
U.S.-listed Greenland stocks surge after Trump agrees security deal with Denmark
The rally followed a U.S.-Denmark-Greenland security pact aimed at expanding the military presence on the Arctic territory.
France’s wine production nears a 70-year low, leaving winemakers with tough choices
As the French wine industry reaches a crisis point, key players are considering new markets, products and generations.
Trump says U.S. to build a ‘large Military presence’ in Greenland as part of a security deal with it and Denmark
Greenland has maintained it is not for sale, and the European Union earlier this year united to rebuke Trump over his push to acquire the island.
Putin targets Nestle’s Russian business as Kremlin tightens grip on Western assets
Nestlé is assessing its options after Russia placed the Swiss food giant’s local assets under temporary external administration.
Anthropic and OpenAI hunt for smaller data center deals, sources tell CNBC, in race to deploy AI capacity
Anthropic and OpenAI have announced a flurry of AI infrastructure deals over the past year as demand booms.
Trump administration advances $24.3 billion fighter jet deal to Saudi Arabia as Houthis escalate attacks
The deal comes as Iran-backed Houthis escalate attacks on Saudi Arabia and seek control of the strategically important Bab el-Mandeb Strait.
Carney says Canada will decide its own partnerships after Trump calls EU proposal ‘laughable’
U.S. President Donald Trump had described the prospect of Canada becoming the first associate member of the EU as "laughable."
Bank of England defies Fed’s rate-hike lead, leaving rates unchanged
The Bank of England is expected to keep rates steady Thursday, even after U.K. inflation rose to 3.1% and energy costs keep pressure on prices.
Canada invited to become EU’s first ‘associate member’ as Trump trade war intensifies
EU chief Ursula von der Leyen said the bloc wants to open the door for Canada to become its first associate member, signaling a major deepening of ties.
Oil’s safety net is fraying as Saudi Arabia races to restart a key pipeline
Analysts warn oil prices could rally sharply if the pipeline remains offline beyond an estimated five-to-seven-day inventory cushion.
Satellite images show extent of damage to Saudi Arabia’s oil pipeline that bypasses Strait of Hormuz
Saudi Arabia temporarily shut the roughly 750-mile pipeline as attacks threaten a key alternative to the Strait of Hormuz.